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Business Daily: The Bear Stearns Bailout 10 Years On

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22/03/2018 GMT

The Bear Stearns Bailout 10 Years On

BBC World Service - Business Daily, The Bear Stearns Bailout 10 Years On

Ben Bernanke, Hank Paulson and Tim Geithner remember a key moment in the financial crisis

Ben Bernanke, Hank Paulson and Tim Geithner look back on a key moment 10 years ago in the global financial crisis - the successful rescue of investment bank Bear Stearns.

Crisis averted, but only for another six months: Business Daily looks back at a key moment 10 years ago in the global financial crisis - the rescue of investment bank Bear Stearns.

We hear the reminiscences of the three key players who orchestrated the bailout - Federal Reserve Chairman Ben Bernanke, Treasury Secretary Hank Paulson and New York Federal Reserve President Tim Geithner. Plus investment manager Mohammed El Erian tells presenter Manuela Saragosa why central banks can finally take a back seat to governments in helping economies heal, a decade on from the financial meltdown.

(Picture: Henry Paulson and Ben Bernanke at a Senate committee hearing a month before the Bear Stearns rescue; Credit: Mark Wilson/Getty Images)

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